Local News

Abu Dhabi / Emirates Business Etihad Airways, the national carrier of the United Arab Emirates, has operated its first ecoFlight for 2021, continuing research and testing under the Etihad Greenliner programme to assess environmental sustainability initiatives during scheduled services. This is Etihad’s fourth ecoFlight, operated on the airline’s signature Greenliner aircraft which is fully offset for all operations through 2021 ...

Dubai / WAM The Dubai Gold & Commodities Exchange (DGCX) announced the launch of its Pakistani Rupee (PKR) Futures Contract and is now available for trading. As the first-of-its-kind on any regulated exchange in the world, the contract will provide members and their clients with the ability to hedge exposure to the Pakistani Rupee. It will also provide trading opportunities ...

Dubai / WAM A wearable device that warns when social distancing is not being respected and a Jordanian programme helping vulnerable communities grow online businesses during lockdown are among five new projects selected from a call for Covid-19-related proposals from Expo 2020 Dubai’s Global Best Practice Programme. The hand-picked initiatives join 45 existing best practice projects, whose simple, effective and ...

Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC. As part ...

ABU DHABI / WAM Zakat Fund has signed a strategic Memorundum of Understanding (MoU) with the Ministry of Foreign Affairs and International Cooperation (MoFAIC), to improve services rendered to UAE nationals overseas. The agreement, signed by Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, and Khalid Abdullah Belhoul, Undersecretary of MoFAIC, embodies the directives of the UAE visionary ...

ABU DHABI / WAM Annual charity initiative ‘Ataya’ announced that its new online shopping destination will be launched on Thursday. Organised by Emirates Red Crescent, Ataya has become a pillar of the Abu Dhabi’s cultural calendar and a hallmark in the field of social and humanitarian work in the UAE and across the world, according to a press release issued ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) has extended integral parts of its Targeted Economic Support Scheme (TESS) until mid-2022. Financial institutions will continue to be eligible to access the collateralised AED50 billion zero-cost liquidity facility up to June 30, 2022, to provide new loans and financing to individuals, small and medium-sized enterprises, and other private ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) on Tuesday announced that it had entered into an agreement to acquire 15 Boeing 737 Max 8 aircraft. The order is valued at approximately $1.8 billion at list prices. Firoz Tarapore, Chief Executive Officer of DAE, said, “We are delighted to deepen our already strong relationship with Boeing. Including this order, we own ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) has donated AED1 million to provide one million meals in the region’s largest food donation campaign ‘100 Million Meals.’ Launched on April 11, the ‘100 Million Meals’ campaign aims to provide food parcels for disadvantaged individuals and families across 30 countries in the Middle East, Asia, Africa, Europe and South America ...

ABU DHABI / WAM The UAE has condemned the Iran-backed Houthi terrorist militias’ systematic attempts to attack civilians and civilian objects in Khamis Mushait, Saudi Arabia, with an explosive drone intercepted by the Coalition Forces. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC) on Tuesday, the UAE reiterated that these systematic terror attacks by ...